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Treasury Department

Is the Financial and Mortgage Industry Smart Enough to Recognize the Lifeline Obama Has Thrown It?

Howard Glaser | Posted 07.18.2009 | Business

Read More: Larry Kudlow, Community Reinvestment Act, Treasury Department, Alan Greenspan, Subprime Mortgages, Home Ownership, FInancial Markets, Foreclosure News, Business News
Howard Glaser

A closer look at the Obama plan reveals that the proposed overhaul is, by and large, in the best interests not only of consumers of financial products, but the financial companies themselves.

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Elizabeth Warren's Relationship With The Treasury Is "Rocky"

Time | Sheelah Kolhatkar | Posted 07.14.2009 | Business

Read More: Elizabeth Warren, Treasury Department, TARP Watchdog, Tarp, Business News

Don't let my politeness fool you," says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout ha...

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Executive Pay: Treasury to Set Top Compensation At 7 Companies

nytimes.com | STEPHEN LABATON | Posted 07.12.2009 | Business

Read More: Treasury Department, Wall Street Bailout, Chrysler, Bank of America, Gm, Aig, Gmac, Bailout, Tim Geithner, CEO Compensation, Chrysler Financial, Wall Street Pay, Executive Compensation, Compensation-Rules, Pay Restrictions, Citigroup, Business News

WASHINGTON -- The Obama administration's sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation's...

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Citigroup Bonuses: Bank Paying Millions To Attract Talent

The Huffington Post | Ryan McCarthy | Posted 07.10.2009 | Business

Read More: Treasury Department, Citigroup, Executive Compensaton, Bailout, Wall Street Pay, Tim Geithner, Banking Crisis, Stefanos Bitzakidis, Tarp, Rachel Lord, Business News

LONDON -- Treasury Secretary Timothy Geithner is set to unveil his much-anticipated guidelines on investment banking pay this week. But he may be too ...

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Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury

Jill Schlesinger | Posted 07.10.2009 | Business

Read More: Tarp, Taxpayer Money, Treasury Department, Cpp, Bank Bailout, Bank Stress Tests, Business News
Jill Schlesinger

For those who think that the government bailed out Wall Street, you're right and you're wrong. Yes, taxpayers extended a lifeline to ensure that the system didn't collapse, but in the case of these yet-to-be named players, taxpayers made out quite nicely.

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U.S. To Unveil Regulatory Reform Plan June 17: Reuters

Reuters | Karey Wutkowski and Rachelle Younglai | Posted 07.04.2009 | Business

Read More: Treasury Department, Reform, Regulatory Reform, Business News

The Obama administration plans to unveil on June 17 its sweeping plan to overhaul financial regulation, according to a source familiar with thinking a...

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With IMF Money, the War Supplemental Could Fail in the House

Robert Naiman | Posted 07.04.2009 | World

Read More: Treasury Department, Congress, John Boehner, Pakistan, International Monetary Fund, Barney Frank, Afl-Cio, Iraq, Afghanistan, War Supplemental, Foreign Policy, World News
Robert Naiman

Why would Democrats vote to give $100 billion in U.S. tax dollars to the International Monetary Fund with no effective strings attached?

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Ryan Grim

Treasury Toxic Asset Program Rife With Conflicts Of Interest

HuffingtonPost.com | Ryan Grim | Posted 07.03.2009 | Business

Read More: Project on Governmental Oversight, Toxic Assets Pogo, Pogo, Treasury Department, Toxic Assets, Legacy Assets, Transparency, Business News

The hiring of private firms to provide "independent" advice to both the Treasury Department and the Federal Reserve raises concerns about potential co...

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Geithner Talks China, Recession, Federal Deficit (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 07.03.2009 | Business

Read More: Treasury Department, GM Bankruptcy, Tim Geithner, Timothy Geithner, Geithner China, Treasury Secretary, Business News

Treasury Secretary Timothy Geithner appeared on CNBC this morning and discussed the GM bankruptcy, economic relations with China, and the ballooning F...

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Obama Near Proposal To Revamp Financial Regulations

nytimes.com | STEPHEN LABATON | Posted 07.02.2009 | Business

Read More: Fdic, Treasury Department, Securities Exchange Commission, Sec, Financial Crisis, Federal Reserve, Financial Rules, Obama Administration, Financial Regulation, Business News

WASHINGTON -- The Obama administration will soon propose a comprehensive plan to expand the authority of the government to seize large troubled compan...

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U.S. Hopes To Recoup GM Investment In 5 Years

Washington Post | Peter Whoriskey | Posted 06.29.2009 | Business

Read More: Treasury Department, GM Bailout, General Motors, Gm, Business News

The United States would recover most of its planned $50 billion investment in General Motors within five years, according to a preliminary Treasury De...

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Obama's Pick For Top Tax Position Withdraws

Bloomberg | Posted 06.29.2009 | Politics

Read More: Treasury Department, Obama-Withdrawal, Tax Policy, Elizabeth Garrett, President Obama, Politics News

Elizabeth Garrett withdrew as President Barack Obama's nominee to be his administration's top tax-policy official, continuing a vacancy at the Treasu...

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Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Federal Budget Deficit, Hu Jintao, Chinese Economy, Premier Wen Jiabao, Timothy Geithner, Chinese Exports, China, Treasury Secretary, Business News

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

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GM Borrows Another $4 Billion From Treasury

Yahoo Finance | Posted 06.22.2009 | Business

Read More: Treasury Department, GM Bailout, Gm, General Motors, GM Loans, Business News

General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $1...

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Arthur Delaney

Geithner's "Incredible" New Justification For Recycling Bailout Money (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 06.22.2009 | Politics

Read More: Tarp, Treasury Department, Tarp Recycling, TARP Money, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Thursday that he has "no plans to request additional funding" for the $700 billion Troubled Asset Relief P...

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Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 06.21.2009 | Business

Read More: Tarp, Detroit Automakers, Auto Bailout, Treasury Department, Chrysler, General Motors, Gm, Auto Loan, Timothy Geithner, Gmac, Detroit Bailout, Business News

NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...

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Arthur Delaney

Geithner Says No Caps On Executive Compensation, Trumpets Gains In Stock Market To Newsweek

HuffingtonPost.com | Arthur Delaney | Posted 06.18.2009 | Politics

Read More: Treasury Department, Timothy Geithner, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Monday that the government has no plans to cap compensation on Wall Street. "I don't think our government...

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Stephanie Cutter To White House For Court Fight

The Fix | Posted 06.17.2009 | Politics

Read More: Treasury Department, Supreme Court, Timothy Geithner, Cutter Leaving Treasury, Stephanie Cutter, Cutter Supreme Court, Politics News

Stephanie Cutter, counselor to Treasury Secretary Timothy Geithner, is leaving that post to join the White House team as it prepares to shepherd Presi...

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Stealth Move in Washington Aims to Get $100 Billion for IMF Without Congressional Debate

Mark Weisbrot | Posted 06.15.2009 | World

Read More: IMF Reform, Treasury Department, Global Economy, Budget, Tim Geithner, International Monetary Fund, Imf, US Congress, Congressional Budget Office, Barack Obama, World News
Mark Weisbrot

We are told that poor countries will suffer if the IMF does not get a $108 billion appropriation from Congress immediately. But this is nonsense.

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Arthur Delaney

Short Sales: Treasury Announces New Programs For Distressed Homeowners

HuffingtonPost.com | Arthur Delaney | Posted 06.14.2009 | Business

Read More: Treasury Department, Making Home Affordable, Short Sales, Business News

The Treasury Department on Thursday announced two new programs to help distressed homeowners avoid foreclosure. One program will provide incentives fo...

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Arthur Delaney

Treasury Department Insists It Can Recycle Bailout Money

HuffingtonPost.com | Arthur Delaney | Posted 06.08.2009 | Politics

Read More: Tarp, Bailout, Treasury Department, Troubled Asset Relief Program, Tim Geithner, Politics News

With reporting by Sam Stein The Treasury Department is insisting the law governing the bailout bill gives it a green light to recycle taxpayer bailou...

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Mining Geithner's Daybook

Bradley W. Bloch | Posted 05.31.2009 | Politics

Read More: Arlen Specter, Treasury Department, Timothy Geithner, Sunlight Foundation, Semantic Web, Kirsten Gillibrand, Social Networking, Tim Berners-Lee, Politics News
Bradley W. Bloch

While the prospect of having the public leaf through one's daybook may send chills down the spines of public officials, this level of public exposure is the wave of the future.

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Obama Administation Allowing GM, Chrysler to Blackmail Their Dealers

Steve Parker | Posted 05.29.2009 | Business

Read More: Treasury Department, General Motors, Chrysler, Fritz Henderson, President Obama, Cars, Detroit-Bankruptcies, Chrysler Fiat Deal, Detroit-Michigan, Business News
Steve Parker

Obama could still encourage the bankruptcies for GM and Chrysler, but should also order bankruptcy judges to not let the companies avoid their responsibilities to their franchised dealers.

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Treasury Unveils New Aid Program To Help People With Second Mortgages

Bloomberg | Rebecca Christie and Jody Shenn | Posted 05.29.2009 | Business

Read More: Mortgae Aid Plan, Treasury Department, Housing Crisis, Treausury Plan for Second Mortages, Tim Geithner, Mortgage Crisis, Business News

The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors...

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Chrysler's Creditors Agree To Deal With Treasury To Reduce Company's Debt

AP | STEPHEN MANNING and DAN STRUMPF | Posted 05.29.2009 | Business

Read More: Chrysler Bankruptcy, Treasury Department, Chrysler, Chrysler Debt, Chrysler Creditors, Business News

WASHINGTON — With just two days left before a government-imposed restructuring deadline, Chrysler LLC took a step away from the brink of bankrup...

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